Game Theory: What is a Minecraft Emerald WORTH?

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  • Опубліковано 31 січ 2020
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    In Minecraft's recent update to the Villager trading system, they stopped with their randomly-generated prices and started setting a standard. Well Theorists, give me a consistent standard and I will give you a theory! This is the key to figuring out the economy of the Minecraft world - or at least the value of all the good we've been trading all these years. The most curious, to me, were the emeralds. How much is an emerald worth in Minecraft - and how does that potentially RUIN Minecraft's whole economic structure? Let's find out!
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    #Minecraft #Emeralds #MinecraftEmerald #MinecraftLore #Econimics #MinecraftWorld #Enderman #MinecraftTheory #Theory #GameTheory
    More THEORIES:
    The Tragedy of Minecraft's Sunken Tomb ► • Game Theory: The Trage...
    The History of Minecraft's Underwater Gods ► • Game Theory: The Murky...
    The Tragic Story of Minecraft's Zombie Pigmen ► • Game Theory: The Tragi...
    Minecraft, STOP Punching Trees! ► • Game Theory: Minecraft...
    The Lost History of Minecraft's Wither ► • Game Theory: The Lost ...
    Credits:
    Writers: Matthew Patrick and Zach Stewart
    Editors: Tyler Mascola, Alex "Sedge" Sedgwick, and Marc Schneider
    Assistant Editor: AlyssaBeCrazy
    Sound Editor: Yosi Berman
    Sources:
    i.redd.it/r7aecqvkhhu21.png
    www.payscale.com/research/US/...
    www.singhalinternational.com/t...
    minecraft.gamepedia.com/Tradi...
    www.econlib.org/library/Enc/G...
    “Chapter 1: How Money Works.” Dave Barry's Money $Ecrets: like, Why Is There a Giant Eyeball on the Dollar?, by Dave Barry, Random House Large Print, 2006.
  • Ігри

КОМЕНТАРІ • 11 тис.

  • @cdiking7026
    @cdiking7026 4 роки тому +9971

    Cut the farmers some slack, it’s hard to pick carrots without hands.

    • @Spaceman-wx1jn
      @Spaceman-wx1jn 4 роки тому +442

      Yes the poor farmers. They only have a long arm-like limb attached from both sides of his chest. It's a hard life for a Villager

    • @lilschom8070
      @lilschom8070 4 роки тому +140

      How else are they supposed to defend themselves?

    • @jovanihicks3036
      @jovanihicks3036 4 роки тому +66

      I forgot about that

    • @PyroLuigiOG
      @PyroLuigiOG 4 роки тому +78

      That's so sad can we get an F in the chat (minecraft chat)

    • @prince-of-water
      @prince-of-water 4 роки тому +28

      *M* *Y* *B* *O* *Y*

  • @stealthboy316
    @stealthboy316 4 роки тому +3057

    Steve: can I get the stew?
    Villager: this little maneuver is gonna cost us 51 years.

    • @slevinchannel7589
      @slevinchannel7589 4 роки тому +27

      Sadly, we will likely never know. Whatever the Minecraft-Theory is, i can't stop being aware that, of all Franchises, this is the One that Denies all these Theorys, you could say. They make the lame Excuse that it's our duty to make up Lore for this world, and that's just extremly Sad to me
      Minecraft Theorys are the most likely of all Theorys ever to not be True and just be a Waste of Time, because Mojang Refuses to think up any Kind of Lore... Sad...
      It's the One Franchise all Theorys about are Useless, if you get what i mean.
      I wished Mojang finally changes that! And by the way, also Nintendo regarding Super Mario!!
      They should reveal actual Lore, so that we at least know where we are and what the Most Basic Common Sense is!

    • @Rostof_TheGreat
      @Rostof_TheGreat 4 роки тому +41

      @@slevinchannel7589 you're overthinking it, Minecraft is a game about creativity and imagination, not story

    • @slevinchannel7589
      @slevinchannel7589 4 роки тому +9

      @@Rostof_TheGreat Yes.
      It's still lazy though of the Creators.
      And it's still sad.

    • @AndyHappyGuy
      @AndyHappyGuy 4 роки тому +20

      @@slevinchannel7589 maybe there is no official story at all. It's _our_ story, we make _our own_ story.

    • @slevinchannel7589
      @slevinchannel7589 4 роки тому +1

      @@AndyHappyGuy Yes, that's the lame Excuse Mojang uses.
      Hytale meanwhile? Not.

  • @gastech8311
    @gastech8311 3 роки тому +1233

    Elon Musk: goes bankrupt
    “How did it happen”
    Elon Musk: bought a bell from a villager

    • @dogeo1719
      @dogeo1719 3 роки тому +5

      lol

    • @generaljuice5379
      @generaljuice5379 2 роки тому +16

      I just steal them

    • @mathewjose4753
      @mathewjose4753 2 роки тому +24

      @@generaljuice5379
      Look at you, a thief! Didn't your parents teach you that stealing is wrong?
      Learn from me, I just take them, not steal them.

    • @generaljuice5379
      @generaljuice5379 2 роки тому +13

      @@mathewjose4753 yes yes yes... Wise words my man

    • @breawen
      @breawen 2 роки тому +15

      @@mathewjose4753 eww you take bells? that's disgusting.
      i borrow them. forever... without permission.

  • @robowyatt398
    @robowyatt398 Рік тому +182

    I just thought of a few things, you have to consider that those prices are specialized for those specific jobs, that's why some rotten flesh will even get you an emerald in the first place, because its coming from the cleric, in order for it to be truly accurate you'd have to find a trade that almost all villagers have. and now that I think about it the emerald is very close to real world gold, its shiny, its rare, its dense, and its not that useful anywhere else.

  • @rebeccab4604
    @rebeccab4604 4 роки тому +5407

    Matpat: Paper is like what? 2 cents?
    Artists: I wish Matpat, I wish.

    • @zakarymoninger7845
      @zakarymoninger7845 4 роки тому +269

      @Luke Crain good paper can be like $12 for an appropriately sized sheet. Probably more for really high-end stuff, idk.

    • @chocchip4172
      @chocchip4172 4 роки тому +191

      @@zakarymoninger7845 what in the fricc is "high end paper"... it sounds like "high end water" to me
      Edit: Aight, apparently its paper that would be good to do neat stuff like paint on, cool.

    • @jerotoro2021
      @jerotoro2021 4 роки тому +139

      Yeah, Minecraft has no large scale forestry, no huge pulp Mills shredding trees 24/7, no massive factories shaping pulp into millions of sheets of paper every minute... Each sheet is hand crafted from tree to sheet. Guaranteed it's worth more than 2 cents. Matpat isn't factoring in supply, demand, cost of production, etc.

    • @omdano6432
      @omdano6432 4 роки тому +56

      @@chocchip4172 paper that doesnt bleed and is thick and size is big

    • @jerotoro2021
      @jerotoro2021 4 роки тому +15

      @JoybuzzahzTV ......yes of course. I knew this. lol. ALTHOUGH! Pretty sure the reason why is because the sugar cane was supposed to double as papyrus, and so it's not paper in the modern sense, but papyrus sheets. And a quick Google search tells me that I can buy 10 sheets of 8"x12" papyrus for USD $20. $2 per sheet, way more than 2 cents!

  • @nixian_zwaylus
    @nixian_zwaylus 4 роки тому +11416

    am i the only one feeling like there was a missed joke opportunity about gems being measured in carrats (carrots)?

    • @pixel7649
      @pixel7649 4 роки тому +443

      Nice one there...
      Now im hungry...

    • @kamikazedollxo
      @kamikazedollxo 4 роки тому +319

      Why,
      *why’d you give them the idea?*

    • @zealiketea
      @zealiketea 4 роки тому +121

      I thought it WAS a joke for a bit

    • @logan6211
      @logan6211 4 роки тому +71

      He already did it in the one episode about a diamonds true value, where he ruled that a full suit of diamond armor was worth a few million dollars, I think. Jenne sais pas.

    • @jack_mackay
      @jack_mackay 4 роки тому +25

      Did that for the diamond video

  • @AsymmetricalAce
    @AsymmetricalAce 3 роки тому +282

    "Angry mobs aren't knocking on your door every night"
    2020: allow me to introduce myself

    • @MishaG4mer
      @MishaG4mer 2 роки тому +11

      I've read that PERFECTLY as the video said that, lmao

  • @w1nterdays
    @w1nterdays 3 роки тому +487

    “You can’t eat them.” Abigail from Stardew Valley would like to challenge that

    • @coolchannelhehehe
      @coolchannelhehehe 3 роки тому +26

      "how'd you know i was hungry? this looks great!"

    • @feli_potter8561
      @feli_potter8561 3 роки тому +4

      @@coolchannelhehehe me who was doing a marry abigail run knows that she eats quartz, emeralds, diamonds except
      amethysts for some reason

    • @blokvader8283
      @blokvader8283 Рік тому +1

      @@feli_potter8561 Me being really confused when I heard she liked shiny rocks, but hated my amethyst even though I thought "they're both purple, she should like it"

    • @feli_potter8561
      @feli_potter8561 Рік тому +1

      @@blokvader8283 i made that comment a year ago

    • @blokvader8283
      @blokvader8283 Рік тому

      @@feli_potter8561 I just found the comment now, got excited that it said stardew valley, wanted to reply to something, sorry

  • @spartanthingy7326
    @spartanthingy7326 4 роки тому +2850

    Honestly I always thought that villagers mined all the emeralds everywhere and that's why their so few of em in caves and why villagers have a ton of em and will basicly give em out for free

  • @yodude2016
    @yodude2016 4 роки тому +15045

    *steals villagers crops and sells it back to him*
    Me: Stupid villagers
    Villager: Hmm (I just made him do 6,5 hours of labor for a green rock)

  • @Averysoysauce
    @Averysoysauce 3 роки тому +201

    Matpat: *drops sticks on table in jewlery store* , I WANT AN EMERALD NECLACE PLZ
    Clerk: umm, sir. Please pay actual USA currency.
    Matpat: mmmm, no. 32 sticks is worth an emerald.

    • @Small_Brian
      @Small_Brian Рік тому +1

      lol

    • @samuellopez479
      @samuellopez479 Рік тому +3

      Ah ah! Using the thread, additional metals, and linking piece, you require more than 32 sticks

  • @BaggyGoose
    @BaggyGoose Рік тому +49

    My theory (more guess)s that, due to the wide range in prices, the villagers have a culture where it's normal, if not expected, to haggle prices of items.

  • @Vekcrazah
    @Vekcrazah 4 роки тому +2965

    everyone: ‘emeralds are worthless’
    me, saving them up for mending books: ...

    • @Kindelwyrm2
      @Kindelwyrm2 4 роки тому +60

      Ooooh, I should probably do that for my Elytra. :|

    • @Headhunter1234256
      @Headhunter1234256 4 роки тому +13

      @@Kindelwyrm2 probably, but enchanted with unbracking 3 you can fly and get around with ender pearls for like 6 before it gets low on durability.

    • @rickwaver213
      @rickwaver213 4 роки тому +21

      not just mending books. if you cure a weaponsmith,toolsmith and a armorsmith, you can basically transform 1 iron, 9 coal and 1 diamond into a piece of diamond gear. even rotten flesh can be transformed into a diamond set for cheap

    • @alex_2928
      @alex_2928 4 роки тому +1

      Ooh that's smart

    • @rickwaver213
      @rickwaver213 4 роки тому +6

      @A Person or if you find a zombie spawner at the beginning you can have infinite emeralds. iron farms are better for emeralds tho

  • @Komatic5
    @Komatic5 4 роки тому +1483

    Everyone: Emeralds are worthless
    Me, having a villager trading system for enchanted books:

  • @neonlights_4074
    @neonlights_4074 3 роки тому +64

    Steve: *Most powerful being*
    Wooden door: I cant stop you, but he can.
    W O O D E N F E N C E

  • @madisonatteberry9720
    @madisonatteberry9720 2 роки тому +70

    "these things are called 'precious gem stones' for a reason."
    Except, like with diamonds and gold in this game, it seems to be almost freaking everywhere, and with the ancient builders that may have mined them previously, may have actually been devalued.

  • @papayadoodlez9994
    @papayadoodlez9994 4 роки тому +683

    Sonic: THIS EMERALD CAN SAVE THE WORLD!!
    villager: how about a piece of bread...

  • @Unorite
    @Unorite 4 роки тому +3089

    Emeralds in vanilla Minecraft: _weak_
    Emeralds in modded Minecraft: *STRONK*

  • @Memezndreamz
    @Memezndreamz 2 роки тому +35

    1:50 the baseline price also matters if the villager has been resurrected from a zombie which gives permanent discounts or if the villager has survived through a won pillaged raid which gives temporary discounts. The discount is only as high as the chief bounty is on your head before entering a village. The villager resurrection stacks which means you can let a zombie on hard kill a villager like five times, resurrect them, and now you have 1 emerald per trade. This too stacks with raids

    • @projekttaku1
      @projekttaku1 2 роки тому +1

      I know. I done it and its so broken.

  • @omniverse7976
    @omniverse7976 Рік тому +13

    The fact that we don’t know emeralds are actually valuable in Minecraft also relates to many ancient civilizations. You’d trade 2 sheep for 5 bread loaves. In fact, in Ancient Egypt, silver and gold pieces, probably about the size of a quarter or nickel, were used as currency. A nickel made of gold would be worth a fair amount. Not I giant amount but a fair amount today, back then though, it wasn’t.

  • @papyrusthecool8321
    @papyrusthecool8321 4 роки тому +2110

    MatPat at 11:54: Everything is done by hand.
    Mumbo Jumbo and Iskall: Allow us to introduce ourselves.

    • @RikuMcduck
      @RikuMcduck 4 роки тому +29

      Cool dude

    • @kanyevil127
      @kanyevil127 4 роки тому +54

      No I am cool dude

    • @tnsteve7386
      @tnsteve7386 4 роки тому +4

      Who is iskall?

    • @kanyevil127
      @kanyevil127 4 роки тому +24

      @TNsTeve A very skilled Minecraft player

    • @lordhobo9048
      @lordhobo9048 4 роки тому +8

      @@tnsteve7386 redstone experts also a channel

  • @zocz9072
    @zocz9072 4 роки тому +4430

    “I wonder what the currency is like in the future”
    Me: *laughs in toilet paper*

    • @abbyyoung2610
      @abbyyoung2610 4 роки тому +44

      Zocz and apparently beer now that the US closed all sales of alcohol

    • @a_name1
      @a_name1 4 роки тому +30

      I have 12 rolls of tp I am god

    • @CoronaVirus-kd9gv
      @CoronaVirus-kd9gv 4 роки тому +8

      lol

    • @abbyyoung2610
      @abbyyoung2610 4 роки тому +25

      Alfie Hamadani woah dude.... woah you can’t display such power these days. People will find you and take it.

    • @shamrockgamer401
      @shamrockgamer401 4 роки тому +16

      @@a_name1 DUDE
      I have 50 rolls beat that

  • @zonbiimusic4750
    @zonbiimusic4750 Рік тому +3

    Steve: spends literal gemstones on a world atlas
    Cartagropher: you have to draw it yourself

  • @omgnelonr1631
    @omgnelonr1631 Рік тому +8

    I love how it went from "How much is a Minecraft Emerald Worth?" to the basics of economy being explained.

  • @trinityfranklin8356
    @trinityfranklin8356 4 роки тому +1210

    Why doesn't UA-cam ask us about satisfaction AFTER we get done watching the video?

    • @sashalianski7566
      @sashalianski7566 4 роки тому +29

      I know it feels good, for a person to answer ur comment so... hi

    • @MrDankTM
      @MrDankTM 4 роки тому +4

      hello franklin. btw diesel patches is daddy

    • @trinityfranklin8356
      @trinityfranklin8356 4 роки тому +3

      @@sashalianski7566 😃👍

    • @tvangelist
      @tvangelist 4 роки тому +1

      @@sashalianski7566 hey dad

    • @MJWITHER
      @MJWITHER 4 роки тому +4

      Like/dislike is simpler

  • @Fetchinator7
    @Fetchinator7 4 роки тому +2360

    4:40 “The villager isn’t just paying an emerald for the carrots, he’s paying you an emerald for the carrots plus the labor costs it took to pull them out of the ground”
    Yes... labor that I totally did... It’s not like it was your enslaved friends and family doing all the harvesting only to have me steal the crops before they could share them amongst each other. What kind of sick monster would do that?

  • @ShizuruNakatsu
    @ShizuruNakatsu Рік тому +11

    The emeralds are definitely cut. Their cut is called "emerald" cut. They come out of the ground cut already in the game, but look up gem cuts and you'll see. You could also argue it's the "octagon" cut, but it's more elongated vertically so it looks more like an emerald cut, which I assume they were going for, considering it's an emerald.

  • @toastybutondifferentacc5775
    @toastybutondifferentacc5775 3 роки тому +19

    At the same time tho, you only need like 3 pieces of paper to write an infinite amount of pages on a book, so emeralds can count as an infinite amount of money

    • @pixtane7427
      @pixtane7427 6 місяців тому

      This is gameplay and also not infinite pages. There is a cap at 50-100 pages

  • @ancientburrito9893
    @ancientburrito9893 3 роки тому +2585

    SPOILER: One Emerald is approximately one Emerald.

  • @pingufan1239
    @pingufan1239 4 роки тому +1659

    11:54
    Matt: “Everything in Minecraft is done by hand”
    Mumbo with his auto farms: “Allow me to introduce myself”

    • @cakecheese2895
      @cakecheese2895 4 роки тому +68

      Villagers who don't have hands:

    • @cooperolson8250
      @cooperolson8250 4 роки тому +12

      Bruh

    • @redonedanc
      @redonedanc 4 роки тому +9

      Why do Americans say liter ly and not litrely?

    • @kanal2123a
      @kanal2123a 4 роки тому +10

      Why is he so popular for autofarms and redstone stuff in general?
      Scicraft members and Ethoslab are a lot better at doing redstone...
      Etho is pioneer, he even has clocks and "gates" named after him...
      He created sorting and storage system "Nexus" and massive portable storage...
      Mumbo is good too, he's just overrated :/

    • @dorijancirkveni
      @dorijancirkveni 4 роки тому +16

      @@kanal2123a I guess because he's more of a redstone science popularizer than a redstone scientist?

  • @XSniper74184
    @XSniper74184 2 роки тому +5

    I remember when that diamond armour episode came out. To this day whenever I or someone else says, "but I digress," or any similar phrase involving, "digress," I always say, "and I sidequest!" I never knew the guy. I'd only ever just seen his videos but it's still sad that he's dead. Rest in peace Ronnie.

  • @tiralu
    @tiralu 3 роки тому +11

    "They farm way slower than you do" my ultra high end villiger powered carrot farm tells me a different story LUL

  • @drmem9514
    @drmem9514 4 роки тому +1167

    Matpat: Villagers can’t defend themselves
    Nurm: *Sad Villager noises*

  • @crossisbig6868
    @crossisbig6868 4 роки тому +591

    7:35 Can we just talk about how he straight up mined an emerald with a stone pickaxe probably to tick us off

    • @royalknight2808
      @royalknight2808 4 роки тому +24

      Not ony did he do it once, BUT TWICE?!?!?!

    • @CxffeeBean
      @CxffeeBean 4 роки тому +26

      It's funny cuz it broke in the animation and didn't pop up as a smaller floating emerald

    • @ChanceRhodes
      @ChanceRhodes 4 роки тому +11

      Realistically, it's because we see the stone pickaxe graphic in previous shots so it was probably because he just had it handy... BUT I do like to think he's just being a little troll

    • @ashdeem913
      @ashdeem913 4 роки тому

      and it also made the sound of gravel breaking

  • @jackj7877
    @jackj7877 2 роки тому +9

    "In Minecraft, everything Is done by hand"
    *Laughs In Redstone*

  • @bate_ate7182
    @bate_ate7182 2 роки тому +8

    7:50, Steph asks if Mat has seen Ollie, but then where did he get the arm and the leg? His limbs are attached to his body and same goes for steph :|

  • @alostduckling5024
    @alostduckling5024 4 роки тому +374

    Mat Pat: frustrated at someone who’s “having trouble” playing a video game, “you know ur good at”
    Screen: shows mark on fnaf
    SHOTS FIRED MY FRIENDS

  • @Wincognit0
    @Wincognit0 4 роки тому +1198

    13:17 just realised that”s my profile picture..
    Edit: how did I get 1K likes in a single check. Also the last time I checked I had 1K now I have 1.1K.. this comment is... OUTTA THIS WORLD!! :D *pun intended*
    Anyway thanks guys

  • @appletree3541
    @appletree3541 2 роки тому +2

    7:42
    An arm a leg and a child
    For that you could learn the secrets of alchemy and make your own emeralds
    In Full metal alchemist the Elric brothers try to revivr their mother but one of them loses and arm and a leg and the younger brother loses his whole body but they get knowledge from an alchemy god and learn how to do alchemy without transmutation circles
    In case someone didn't get it.
    Correct any inaccuracies it has been 1 year and a half since my last rewatch

  • @RetroVibin
    @RetroVibin 2 роки тому +5

    This video has taught me more than my economy class has.

  • @axfinity9134
    @axfinity9134 4 роки тому +282

    1st half of this video: How much does an emerald cost?
    2nd half of this video: The tragic lives of villagers

    • @leptoad2145
      @leptoad2145 4 роки тому +3

      He really goes on a tangent

    • @MrDankTM
      @MrDankTM 4 роки тому +1

      hello Ax. btw super bowl 2020 is boring

    • @BLZPHR
      @BLZPHR 4 роки тому +3

      JODisHere wtf is your problem? Get outta here

  • @Jireninyourrecommendations
    @Jireninyourrecommendations 4 роки тому +325

    Calculating the price for an Emerald is as equivalent as calculating Reddit Karma. They're both all over the place

    • @randomshyte9989
      @randomshyte9989 4 роки тому +14

      And they both dont matter

    • @narayananmohan8114
      @narayananmohan8114 4 роки тому +1

      Dont encourage him... He'll DO the calculation somehow. XD

    • @Stefanga44
      @Stefanga44 4 роки тому

      Wait here are 3 replies but on my screen before i click on the comment there stands one command

  • @connor_awesome6482
    @connor_awesome6482 Місяць тому +1

    14:21 i love the magikarp popping up when he said useless

  • @lauren3173
    @lauren3173 3 роки тому +6

    11:51
    Excuse me, we’re called bakers! 😂

  • @GogiRegion
    @GogiRegion 4 роки тому +345

    I like to imagine that extreme emerald mining caused the supply to be so large that it devalued the currency, so now it’s a common item that people use like a coin.

    • @BriiIndica
      @BriiIndica 4 роки тому +27

      Alexis Harper which would explain why their so hard to find

    • @kittykittykitty7682
      @kittykittykitty7682 4 роки тому +11

      @@BriiIndica And presumably mining into a mountain (or extreme hills in earlier versions) is too difficult for villagers, which is why they're only found there now.
      But that's etc.

    • @MrDankTM
      @MrDankTM 4 роки тому

      hi alexis. btw joe

    • @user-nz3qm3rb8v
      @user-nz3qm3rb8v 4 роки тому

      ref.sharecash.co/yahia best way to make money

    • @defaultdan7923
      @defaultdan7923 4 роки тому

      JODisHere mama

  • @Sirzacharia
    @Sirzacharia 4 роки тому +642

    10:50 “Am I just wrong about this theory? Well no” nice job matpatting yourself on the back there.

    • @AlmondGlue
      @AlmondGlue 4 роки тому +7

      You put the time stamp at the very end of that. Also, he didn’t ask if he was wrong about the theory, he asked about the calculation.

    • @FerventSpy66834
      @FerventSpy66834 4 роки тому

      Almondglue r/whoooosh

    • @pogfection787
      @pogfection787 4 роки тому +5

      @@FerventSpy66834 Its not a woooosh, there was a legit mistake.

    • @AlmondGlue
      @AlmondGlue 4 роки тому +1

      The Cat Show 66834 r/ihavereddit

    • @lindor2948
      @lindor2948 4 роки тому

      @@FerventSpy66834 r/woooosh dumbass and that's not a woosh

  • @Gabowsk
    @Gabowsk 2 роки тому +17

    Alternate Title: MatPat explaining how capitalism works while getting insane with Villagers' working hours and wages.

    • @AKiDNAMEDLAX
      @AKiDNAMEDLAX Рік тому

      This video is the first 200 pages of Capital Vol I

  • @Liyaskoo
    @Liyaskoo 2 роки тому +1

    Matpat: Everything by hand.
    Mumbo Jumbo: What did you sayyyyyy.

  • @1ronic127
    @1ronic127 4 роки тому +985

    "Mommy, can we have rabbit stew tonight?"
    "Nah sweetie, just give me a year or two"

    • @1ronic127
      @1ronic127 4 роки тому +16

      @Ian Li from the cleric

    • @DockingFreidmanRecords
      @DockingFreidmanRecords 4 роки тому +8

      Villager family struggle.

    • @1ronic127
      @1ronic127 4 роки тому +1

      @tutacat Matpat has theorized that the minecraft earth is round. Most obvious is that minecraft has gravity.

    • @houselemuellan8756
      @houselemuellan8756 3 роки тому

      @@1ronic127 but clearly not the same gravity as in our universe.

  • @xT0rn_
    @xT0rn_ 4 роки тому +736

    “It was frustrating- just like watching someone struggling through a game you’re very good at.” *shows markiplier struggling in fnaf*

    • @SuperMaanas
      @SuperMaanas 4 роки тому +18

      xT0rn_ It’s because Mat is a FNAF theory expert while Mark isn’t. So, from a certain point of view, Mat’s really good at the game

    • @Kitsunelover1995
      @Kitsunelover1995 4 роки тому +12

      @@SuperMaanas and markiplier made a reference to game theory in fnaf 3 its in the compilation

    • @jordanpaul492
      @jordanpaul492 4 роки тому +5

      thanks for explaining a scene word for word

    • @slevinchannel7589
      @slevinchannel7589 4 роки тому +4

      14:06: Buddy, you never lived in Alabama, didnt you?

    • @memeboi2096
      @memeboi2096 4 роки тому +2

      Yeah whenever I see someone play farcry5 who is new to the farcry series I have finished the game like 4 or 5 times

  • @jackchoukaier8764
    @jackchoukaier8764 2 роки тому +5

    In economics, giving something value because it has use, beauty, etc… is call intrinsic/extrinsic value. Dollars and other modern currencies called “fiat” currency (Fiat being Latin for “let it be done”) has no such value itself, the only thing giving it value is because it is considered legal tender in its currency zone. In fact, fiat is defined by having no value (as in you can’t eat it or ride it.) Maybe the emerald is the fiat currency of villagers, its price changing from village to village.

    • @noppornwongrassamee8941
      @noppornwongrassamee8941 2 роки тому

      More like villager to villager. I can't count how many times I came across two villagers in THE SAME VILLAGE selling/buying the same items for completely different prices. Like Villager 1 willing to buy 30 paper for 1 emerald and Villager 2 only wants 22 paper for 1 emeralds.

  • @bigfred5012
    @bigfred5012 3 роки тому +2

    14:43 kinda random but i used to walk that same bridge every day to get to high school

  • @adriennekaio4980
    @adriennekaio4980 4 роки тому +163

    MatPat: _does economical study on Minecraft villagers_
    Internet: *_You have earned our respect._*

  • @N2O_The1000thElement
    @N2O_The1000thElement 4 роки тому +419

    When a villager pay you a rock for 6.5 hours of labor
    Villager: Stonk

    • @WHATaOG
      @WHATaOG 4 роки тому +2

      @Teroshki lol

  • @Pokemonmasterz
    @Pokemonmasterz 3 роки тому +4

    10:13 so let me get this straight, if this was the actual pricing, I have about 100s of millions of dollars just laying around in a chest I have

  • @battleax6364
    @battleax6364 2 роки тому +2

    9:10 The fact that he said that and now we can actually play as Minecraft Steve in smash brothers ultimate is crazy

  • @moomoomachines7193
    @moomoomachines7193 4 роки тому +739

    You could also make the argument that emeralds in their world were so abundant and common that it could be used as a common currency.
    Lobsters back in the early 1700s were super plentiful and considered prison food. People thought it was the poor mans food. But now that the lobsters are rare, they become super expensive.

    • @hououinkyouma6629
      @hououinkyouma6629 4 роки тому +65

      Emeralds *are* not! common in the Minecraft world, atleast to the player.. Idk how villagers got so much emeralds (Need a villager conspiracy video)

    • @moomoomachines7193
      @moomoomachines7193 4 роки тому +56

      Hououin kyouma
      They could be very common because the villagers could have mined all of the emeralds out of the ore. Just because there are no emeralds in mines doesn’t mean there are little emeralds in circulation of the villagers.

    • @SapioiT
      @SapioiT 4 роки тому +33

      @@moomoomachines7193 Considering the theory of Minecraft being set in a posy-apocalyptic world, and how players have different capabilities than the villagers, it could be possible for the villages to literally poop emeralds, and to maybe use them for something which the players cannot use them for. But we don't know what, yet. Maybe reproduction. I mean, villagers need to eat before making a baby villager, so theoretically they could be used for spawning creatures. And we just need a way to make spawn eggs using diamonds, or to acquire spawn eggs through trading, to confirm that.

    • @hououinkyouma6629
      @hououinkyouma6629 4 роки тому +9

      @@SapioiT who knows... Maybe the villagers first gathered emeralds and then turned them into some sort of emerald generator or they might somehow infused themselves with emerald (don't ask me the details) or.. they really do know some sort of secret crafting recipe which is also easy to gather and craft

    • @aljon5947
      @aljon5947 4 роки тому +5

      They painted crystals with green dye.

  • @howtoplaygameswrong8719
    @howtoplaygameswrong8719 4 роки тому +401

    Matpat: you can't eat emeralds
    Me: *Is that a challenge*

    • @TheKnightCrafter123
      @TheKnightCrafter123 4 роки тому +6

      Do it! 🤣 buy a single real emerald gemstone which worth a fortune than eat it. Yum that sweet sweet sensation of eating money

    • @ironscorpion5131
      @ironscorpion5131 4 роки тому +3

      *Shaggy has entered the chat*

    • @jrcspiderman2003
      @jrcspiderman2003 4 роки тому

      @@ironscorpion5131 😂🤣😂

    • @zacharyherring8780
      @zacharyherring8780 4 роки тому

      Yes
      That is a challenge

  • @matthewwells2520
    @matthewwells2520 Рік тому +2

    13:00 "Angry mobs aren't trying to attack you every night...I hope."
    2023: Hold my beers.

  • @deconstructor3582
    @deconstructor3582 2 роки тому +2

    You didn't mention another problem which currency in Minecraft has - no additional means of payment. In the USA, as you said, you can pay either by dollars or cents, which allows us to measure a commodity's value more adequately. Since there is no such thing as a cent, there is a problem with the adequate measurement of a commodity's value. This problem, in real life, was present mostly in the medieval ages and renaissance and was dealt with by adding secondary currency to pay, or by dividing real coins into pieces. Since it isn't an option in Minecraft, this is hard to tell what's the value of the commodity in the game, because there isn't a currency of less value than a singular emerald.

  • @lightblazex4756
    @lightblazex4756 3 роки тому +4367

    The real item worth a lot of money here is the lava that can be used like real life crude oil. And we have a whole dimension filled with it.

    • @nibs7252
      @nibs7252 3 роки тому +387

      The Nether is Minecraft's Middle East, confirmed!

    • @Sacabambapis_
      @Sacabambapis_ 3 роки тому +27

      Yes

    • @titanicsam19
      @titanicsam19 3 роки тому +33

      Tekkit intensifies

    • @nategamer9184
      @nategamer9184 3 роки тому +7

      @@nibs7252 ye

    • @colecochrane8164
      @colecochrane8164 3 роки тому +50

      I always like this idea and do this in my SMP. It is very funny because at one point we had to have a war over the remaining fuel

  • @TheRealMisterSteve
    @TheRealMisterSteve 4 роки тому +381

    Me: So how much is a Minecraft emerald?
    Mat Pat: Yes

    • @MrDankTM
      @MrDankTM 4 роки тому +3

      hello Dimond. btw joe

    • @latamalera6888
      @latamalera6888 4 роки тому

      Who is Joe

    • @deathrayman8074
      @deathrayman8074 4 роки тому

      @@latamalera6888 Now, as you can see, you've fallen right into my trap!

  • @the_Ikar
    @the_Ikar 2 роки тому +2

    11:54 "But in minecraft everything is done by hand"
    *Laughs in automatic farms*

  • @capesword111
    @capesword111 3 роки тому +5

    The idea of money in a simplified system like this is in fact to use something pretty but useless for trade. Gold was a currency because it had prestige but nothing else. Perhaps emeralds are prestige in Minecraft.

  • @ecw613
    @ecw613 4 роки тому +207

    "In Minecraft, everything is done by hand."
    *Laughs in Redstone*

    • @sirwaddlesdeethird7186
      @sirwaddlesdeethird7186 4 роки тому +10

      *Laughs in COMMAND BLOCKS*

    • @kyudeathsbr3138
      @kyudeathsbr3138 4 роки тому +1

      @@sirwaddlesdeethird7186 Laughs in *JSON , OPENGL , JAVA AND C++*

    • @owend0818
      @owend0818 4 роки тому

      KyuDeathsBR *laughs in telekinesis*

    • @ecw613
      @ecw613 4 роки тому

      @@kyudeathsbr3138 *Laughs in Mumbo Jumbo*

    • @sirwaddlesdeethird7186
      @sirwaddlesdeethird7186 4 роки тому

      @@owend0818 Minecraft has telekinesis? What mod I want to try!

  • @clumsiiconfidant5780
    @clumsiiconfidant5780 4 роки тому +425

    Steph: Hey, where’s Ollie?
    Mat pat: **Clueless seeming whistling**

    • @spookysomeone
      @spookysomeone 4 роки тому +8

      i saw ollie and, forgetting they had a child, went "im here"

    • @kingthordan2562
      @kingthordan2562 4 роки тому +15

      'Honey, have you seen the baby?'
      'No, I think he got outside'
      ...
      *Unzips Dad disguise*
      ' *you FOOL* '

  • @brandonbombplays9304
    @brandonbombplays9304 2 роки тому

    14:20 “It’s unnecessary.”
    *shows magikarp*
    You killed me with that one.

  • @deathc0ntent
    @deathc0ntent 2 роки тому +2

    the funny thing is that if you infect and cure a villager they just sell you diamond armor for 1 emerald, so perhaps you can tell what the price of an emerald using that method

  • @Chigger
    @Chigger 4 роки тому +132

    Me: *Walks around with emeralds*
    Shady villager: "Pssst. You want a cookie?"

    • @MrDankTM
      @MrDankTM 4 роки тому +1

      hi lane. btw joe

    • @HolarMusic
      @HolarMusic 4 роки тому +1

      Shady villager: **HMMM**

  • @shortyboio
    @shortyboio 4 роки тому +674

    Villagers talking about Steve:
    He protecc
    He attacc
    but most importantly
    he sell us sticc bacc

    • @MrDankTM
      @MrDankTM 4 роки тому +4

      hi short. btw joe

    • @MuffinHawk
      @MuffinHawk 4 роки тому +6

      JODisHere bro why you keep doing that everywhere

    • @user-nz3qm3rb8v
      @user-nz3qm3rb8v 4 роки тому

      best way to make money ref.sharecash.co/yahia

    • @cherripai7645
      @cherripai7645 4 роки тому +1

      @@user-nz3qm3rb8v no

    • @finalcartoon1044
      @finalcartoon1044 4 роки тому +1

      @@user-nz3qm3rb8v best way to make money: get a job

  • @danielmcbride6413
    @danielmcbride6413 Рік тому +1

    I really enjoyed this video! I liked how it took a nuanced approach that that really does explain the apparent value disparity between items traded by villagers for emeralds. It made me think about it in a way I haven’t thought about it before. It also made me think about rotten flesh. I think paying one emerald for rotten flesh is basically the equivalent of being a Minecraft bounty Hunter. Think about it! The enemy that poses the greatest threat to villagers(aside from players) is the zombie. The difference is, some players don’t hurt villagers, but zombies indiscriminately kill them all and turn them into the undead. The villager is likely willing to pay you a day’s wages for 24 pieces of rotten flesh not because they value the rotten flesh, but because the assumption is that you killed zombies in the surrounding area, thus making it vastly safer for the villagers. It’s actually really brilliant game design when you think about it like that.

  • @maxifire32
    @maxifire32 2 роки тому +3

    Fun fact: in a world with no extreme hills and villagers emeralds are infinite times more rare than normal, this also applies to super flat world with no villagers

  • @aspenator4091
    @aspenator4091 4 роки тому +636

    Baby villiger: I dont wanna eat rabbit stew!!!
    Villager: Jonathon, this took me 8 hours for these 2 bowls of stew so eat it

    • @Ir1sss_
      @Ir1sss_ 3 роки тому +6

      Lmao

    • @Ir1sss_
      @Ir1sss_ 3 роки тому +10

      I would love to have rabbit stew

    • @jessepapi7927
      @jessepapi7927 3 роки тому +11

      @@Ir1sss_ Same. Never had it but it sounds delicious!

    • @reuzdanielle4095
      @reuzdanielle4095 3 роки тому +2

      Lol

    • @MrAzat-vi6qf
      @MrAzat-vi6qf 3 роки тому +9

      You ungrateful little shi-

  • @serenityordonez7990
    @serenityordonez7990 4 роки тому +272

    13:47
    Villager:*Slips under the door*
    *SNEAK 100*

    • @LeoMarciana
      @LeoMarciana 4 роки тому +10

      *mission impossible theme starts playing*

    • @EHc0325
      @EHc0325 4 роки тому +4

      *Flat Stanley has entered the chat*

    • @hamz5791
      @hamz5791 4 роки тому +1

      13:46*

    • @agentbowlingball6993
      @agentbowlingball6993 4 роки тому

      Sorry stole your comment, my bad.

  • @user-ng7sz9bi2i
    @user-ng7sz9bi2i 6 місяців тому

    i love that the subtitles at 7:58 is "MatPat is thinking about every decision in his entire life...and whistling"

  • @jerilds
    @jerilds 3 роки тому +1

    I love how mat and steff named there child from a skateboard trick

  • @CptRussiaXD
    @CptRussiaXD 4 роки тому +693

    Emeralds exist
    Minecraft villagers: *_MINE MINE MINE MINE_*

  • @Cartoonicus
    @Cartoonicus 4 роки тому +128

    The rest of the world on Feb 1st: "FOOOOOOTBAAAAAAALL!!!!!!"
    Matpat: I wonder what the conversion rate is from emeralds to carrots.

    • @bingbong357
      @bingbong357 4 роки тому +5

      The US isn't the whole world. At least it wasn't when I last checked.

    • @blue_elite964
      @blue_elite964 4 роки тому

      @@bingbong357 yeah, it became that yesterday, i understand your confusion. The US became he entire world yesterday.

    • @khi-
      @khi- 4 роки тому

      @jeffthedoggo ppl can't make jokes?

  • @neokolder472
    @neokolder472 Рік тому +1

    Would be cool to see some Terraria theories. Even with well known lore there are a lot of things that can be theorized

  • @itsjustaviper
    @itsjustaviper 4 місяці тому +1

    I did the math and going based off of gold blocks, Each gold ingot costs approximately $141,298,970.37. Going off of the cleric trade of 3 gold ingots per emerald, one emerald is worth approximately $423,896,910.90 without buffs or debuffs.
    This is assuming the gold is pure 24K , if the gold is super low quality, ill use 9K gold as an example, 3 gold ingots or 1 emerald is worth about $158,961,341.59

  • @hydrogenbomber3267
    @hydrogenbomber3267 4 роки тому +129

    One simple answer: Inflation
    Have you noticed how emeralds became even rarer than diamonds? Yes, you heard it right.
    Those Villagers have mined so much emeralds, so much that there are barely any left in this world.
    Since they had so many emeralds in hand, emeralds eventually became worthless to them. Try and trade with a villager for 1 day, or 1 week, or 1 month; the villager can keep restocking but they can never run out of emeralds.
    Since Villagers can't build anything fancy or shiny with those emeralds, they don't even bother crafting emerald blocks anymore. All those emeralds lying in their storage are basically useless.

    • @skullchords
      @skullchords 4 роки тому +3

      No one can just deflect the emerald splash

    • @FuntimeLetsPlays
      @FuntimeLetsPlays 4 роки тому +2

      That is actually a very great theory

  • @mrcoler8113
    @mrcoler8113 4 роки тому +307

    16 Minute Video: Came our 4 minutes ago
    Commenters: GREAT VIDEO

  • @rockysradar
    @rockysradar Рік тому +1

    Matpat : Everything in Minecraft is done with hand. Every redstone engineer ever : You sure about that?

  • @felixgeorgescu2230
    @felixgeorgescu2230 2 роки тому +1

    Things I learned today about the US: A bread costs 3$ (in Romania it's just 0,33$) and Mega Image is called Food Lion in the US (apparently Romania is the only country where Food Lion is called Mega Image)

  • @Gnerf
    @Gnerf 4 роки тому +220

    Me: finds 11 emeralds that took days to find
    Villager: The best I can do is 2 dirt blocks

  • @dDeckon
    @dDeckon 4 роки тому +695

    Matpat: 7:42
    Steph: "Have you seen Ollie?"
    Gamora: what did it cost?
    Matpat: Idk, You Tell Me

    • @MrDankTM
      @MrDankTM 4 роки тому +2

      hello matpat. btw diesel patches is daddy

    • @westvirginiastatepolice8873
      @westvirginiastatepolice8873 4 роки тому +1

      dDeckon ur wasting ur time

    • @fouryou2887
      @fouryou2887 4 роки тому

      If you spam one more time say goodbye.

    • @dDeckon
      @dDeckon 4 роки тому +1

      ?What are you talking about? I typed this comment myself?
      Are ppl copy & pasting it????? Why? i'm confused

    • @westvirginiastatepolice8873
      @westvirginiastatepolice8873 4 роки тому +1

      dDeckon I wasn’t talking about u

  • @anthonyj.adventures9736
    @anthonyj.adventures9736 Рік тому

    This math reminds me of the duck tails vault. Different measurement all plausible all mind melting. Love it.

  • @emilyyoung2485
    @emilyyoung2485 Рік тому +1

    Fun fact: the thing wrong with this theory is that mat pat compares the cost of stuff in their world to the cost of stuff in ours. Paper for example is made by in bulk by machines here, but in Minecraft it seems to be more handmade, increasing the value

  • @IHateCopperGolems
    @IHateCopperGolems 3 роки тому +1916

    Next do a theory on what went wrong in the wandering trader's brain to make him think his trades are good

    • @Squidkid3333
      @Squidkid3333 3 роки тому +43

      Agreed

    • @crypt5129
      @crypt5129 3 роки тому +54

      Idk, sometimes he’s useful

    • @Squidkid3333
      @Squidkid3333 3 роки тому +29

      @@crypt5129 Its a 3 percent (not really) that he has something useful

    • @crypt5129
      @crypt5129 3 роки тому +75

      @@Squidkid3333 I am an extremely lazy player, so I look forward to the wandering trader visiting my base.
      I can buy lily pads instead of walking to the swamp right next to me

    • @Squidkid3333
      @Squidkid3333 3 роки тому +21

      @@crypt5129 true, lilypads are pretty good

  • @SylvesterLazarus
    @SylvesterLazarus 4 роки тому +156

    Pulled out 1 carrot every 18 minutes without getting fired? We all have that one colleague, right?

  • @Rune.the.therian
    @Rune.the.therian 2 роки тому +1

    I gotta say, this is a very interesting episode. I have wondered, if I came to a pawn shop with a real minecraft emerald, what is it worth?

  • @scibanana3542
    @scibanana3542 2 роки тому +5

    no, the real most interesting part of recent Minecraft was when mojang turned netherrack from a cubic meter of dried blood from an infected scab that you pulled on your leg to the not-that-bad looking thing it is now.

  • @minisamuri2
    @minisamuri2 4 роки тому +201

    Ya know, me and my friend were talking in a discord vc about the nether update and it dawned on me that it's apparently hot enough to evaporate water instantly in the nether, but a player walking around in metal armor is fine?

    • @chromaticsky3956
      @chromaticsky3956 4 роки тому +16

      You seen the vid on Steve having the power of gods? He uses 0.000001% of his power to survive.

    • @minisamuri2
      @minisamuri2 4 роки тому +5

      @tutacat Yeah, but the water is evaporating instantly. And based on what I've searched it would take very high temperatures to do that. Now while water has a lower boiling point, that doesn't mean that the temperature needed for water to evaporate instantly is lower than the boiling point for iron. Feel free to do the math to find out what the temperature required for water to evaporate instantly is if you want. Also for reference, water doesn't evaporate instantly at it's boiling point, its boiling point is when it starts to evaporate.

    • @KCwolf152
      @KCwolf152 4 роки тому +1

      @@minisamuri2 your sporadic capitalization is giving me a seizure dude

    • @Sirmrmanningtonthe3rd
      @Sirmrmanningtonthe3rd 4 роки тому

      maybe we need a game theory on that

    • @nyklzzz
      @nyklzzz 4 роки тому +1

      @@chromaticsky3956 well, literally any other mob can go to the nether too, so... It's not just Steve

  • @szymusu
    @szymusu 4 роки тому +162

    11:53
    "In Minecraft everything is done by hands."
    Scicraft server:
    *underground TNT noises*

    • @ErikAdalbertvanNagel
      @ErikAdalbertvanNagel 4 роки тому +2

      well, automatic food farms kinda done by villager slave labor... and they using their hands.

    • @meekxeno8093
      @meekxeno8093 4 роки тому +2

      Still done by hands, just with extra steps

  • @petercarioscia9189
    @petercarioscia9189 Рік тому +1

    I know I'm late on this, but you're using the price of mass produced printer paper. Actually vellum, hand crafted artistical paper; small batch, high quality paper can range in price from a few dollars to $30 a sheet. Or more.

  • @Enderman1462
    @Enderman1462 2 роки тому +4

    0:45 < this clip he say ruining ur childhood since 2011

  • @thatsroughbuddy1407
    @thatsroughbuddy1407 4 роки тому +1287

    I think you're missing a big lore opportunity here... how do villagers have so many emeralds across all of their villages, but emeralds underground are extremely rare? Maybe someone mass mined it, like the ancient race. Or maybe the villagers were better at doing stuff before, and something happened to them, just like the endermen.
    I feel like if I say something like this I have to make one of those super long comments, but I'm probably wrong so I don't have to 😁

    • @pudimjogando1198
      @pudimjogando1198 4 роки тому +81

      Oh please, write more
      it actually makes a lot of sense
      Emeralds can be super rare as most have been mined maybe because of their magical properties (in beacons)

    • @H0llowz
      @H0llowz 4 роки тому +33

      I think it's so rare because the villagers mass mined all of it and what's left of the emeralds are unfound

    • @colorman9323
      @colorman9323 4 роки тому +10

      That would mean that the caves could be a mining place

    • @samlink686
      @samlink686 4 роки тому +24

      Maybe in past emeralds had more magical propertys then just being used in a beacon
      Could an ancient race have been magical creatures?

    • @Shiyamirai
      @Shiyamirai 4 роки тому +28

      Kind of how like the Aztecs, Mayans etc vs Spaniards. To them Gold and Platinum were just for artistic purposes, usually to hang on a wall, make statues or for religious purposes. To the Spaniards it made them gold crazy and greedy because they put a different value on gold. They also considered Platinum useless and without value, which now in modern times would be considered crazy.

  • @mattew5814
    @mattew5814 3 роки тому +722

    Stephanie: where's Ollie?
    MatPat: I was a businessman, doing business

  • @inotna5237
    @inotna5237 2 роки тому

    The thing I love about game theory’s intro is that it isn’t cringy

  • @goomyye4998
    @goomyye4998 Рік тому +1

    Me: Haha! These villagers are soooooo dumb, I just got a sword for a dinky little emerald!
    Villiger: ahhhhhhh, this pool of crash is so relaxing.